Credit Smart Solutions

How to Build Credit from Scratch in Australia If you're new to Australia, recently started working, or simply haven’t had a credit card before — you might not have a credit history. But don't worry. Here’s a step-by-step guide to building your credit score from scratch. 1. Open a Basic Bank Account Start with an everyday account and savings account with a reputable bank. Choose banks that report your behaviour (like overdraft management) to credit agencies. 2. Get a Low-Limit Credit Card Start with a secured card or student card Keep your credit usage below 30% Always pay the full balance by the due date 3. Become an Authorised User If a family member or partner has a solid credit card, they can add you as an authorised user. Their good habits help build your history too. 4. Use Buy Now Pay Later Services Wisely BNPL platforms like Zip and Afterpay now share some repayment behaviour with credit bureaus. Use these only if you can repay in full on time. ...

Best Low-Interest Credit Cards for Young Aussies in 2025 If you're a young professional in Australia looking to save on interest while building your credit, choosing the right credit card can make a huge difference. Here are the best low-interest options to consider in 2025. What to Look for in a Low-Interest Credit Card Annual Percentage Rate (APR): Lower is better for carrying balances. Annual Fee: Some cards offer low or even no annual fees. Balance Transfer Offers: Great if you have existing debt on another card. Interest-Free Period: Typically 44–55 days—use wisely! Top 3 Low-Interest Credit Cards for 2025 1. Commonwealth Bank Low Rate Card Interest rate: 13.24% p.a. Annual fee: $59 Interest-free period: up to 55 days Suitable for: Everyday purchases and balance transfers 2. Westpac Low Rate Credit Card Interest rate: 13.74% p.a. Annual fee: $59 (waived first year) 0% p.a. balance transfer for 28 months Suitable for: You...